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Suburban Propane Partners LP (SPH) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 6, 2026 · Suburban Propane Partners LP (SPH) Q3 FY26 earnings results →

Q3 FY26 Revenue up 0% year over year to $261M · 7¢ of every $1 of revenue lost · operating margin 0.9%

Suburban Propane Partners LP made $261M in Q3 FY26 (+0.5% Y/Y): Propane $227M, Other Sales Revenue Net $18.2M, Fuel Oil and Refined Fuels $11.7M. Operating margin 0.9%, net loss $17.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$261M

Year over year+0.5%

Operating margin0.9%

Net earnings−$17.5M

Operating cash flow$71.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $261.4M in Q3 FY26, roughly flat year over year and down 53% from the previous quarter. Propane was the largest line at 87% of revenue. Fuel Oil and Refined Fuels added $2.0M year over year (up 21%), 163% of the total change. Natural Gas and Electricity declined 7%.

Operating profit was $2.2M, a 0.9% margin (down 1.3 points year over year). Operating profit fell $3.4M even though revenue rose $1.2M versus Q3 FY25, so costs grew faster than sales. Total costs grew 2% against flat revenue. The quarter ended with a net loss of $17.5M, after a profit of $137.5M the previous quarter. Net interest and other expense of $19.6M was the main reason.

Operating cash flow was $71.0M (down 26% year over year). Non-cash charges added back $16.7M of depreciation and amortization. Working capital and other items added $71.8M. Capital expenditures of $21.5M left free cash flow of $49.5M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 FY26	10-Q	Aug 6, 2026	$261M	+0.5%	0.9%	−$17.5M	$71.0M
Q2 FY26	10-Q	May 7, 2026	$551M	-6%	28.6%	$138M	$116M
Q1 FY26	10-Q	Feb 5, 2026	$370M	-0.8%	18.3%	$45.8M	−$47.7M
Q4 FY25	10-K	Nov 26, 2025	$211M	+1%	-7.9%	−$35.1M	$41.8M
Q3 FY25	10-Q	Aug 7, 2025	$260M	+2%	2.1%	−$14.8M	$95.5M
Q2 FY25	10-Q	May 8, 2025	$588M	+18%	27.0%	$137M	$40.1M
Q4 FY24	10-K	Nov 27, 2024	$209M	-8%	-10.8%	−$44.6M	$36.8M

Charts

Latest (Q3 FY26): Y/Y +0%, Q/Q -53%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 FY26): Net income −$17.5M, Operating cash flow $71.0M.

+4.6% since FY20: more shares outstanding (issuance, stock pay).

Cash $405K, short-term investments —, long-term debt $1.2B at 2025-09-27.

Retail-Miscellaneous Retail; dot size is quarterly revenue; dashed lines are the industry's medians.